New Triplex With Retail
For Sale
$2,100,000
369 Grant Street, Framingham, MA 01702
Three residential units are paired with a finished commercial suite and dedicated bath.
Property Size5,200 SF
Price / SF$403.85
Days on Market158
Property Features for 369 Grant Street
General Information
Standard status
Active
Size
5,200 SF
Total Parking Spaces
6
Property subtype
Multi-family / 3 Family
Zoning
G
Amenities
No
Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
Range, Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range Hood, Dishwasher, Oven
3
Yes
Insulated Doors
6.0
Intercom
Insulated Windows, Screens
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Interior Access
Electric
Ceiling Fan(s), Storage, Crown Molding, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Internet Available - Unknown, Pantry, Open Floorplan, Smart Thermostat, Remodeled, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo, Living Room, Intercom, Security System
6
6.00
Frame
Rubber
Corner Lot, Level, Other
Balcony/Deck, Balcony, Rain Gutters, Professional Landscaping, Sprinkler System, Stone Wall, Screens, Deck, Patio
Deck, Patio
Building Details
Year Built
2026
Buildings
1
Tenancy
Single
Listing Agency:
Coldwell Banker Realty - Framingham
(508) 872-0084
Listed By:
Donna Gittelsohn · License #112740
(508) 872-0084
Source:
Compass
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 7:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Framingham
Investment Insights
Based on property information with market context.
This 5,200-square-foot triplex, built in 2026, combines three residential units with an attached 1,000-square-foot commercial or retail suite. The suite is finished with ceilings, walls, flooring, and a private bathroom. A fire wall separates the property’s uses, while the residential interiors feature open layouts, generous closets, multiple windows, upgraded cabinetry, stone or quartz-style countertops, and premium appliances. Units 2 and 3 include eat-in kitchens with oversized islands and seating for four. The residences also offer tiled bathrooms, including one with a steam shower and soaking tub, along with a tub-and-shower combination in another bathroom.
Outdoor amenities include two decks and a patio. Additional property features include a corner lot, level grounds, professional landscaping, sprinkler system, rain gutters, insulated windows and doors, intercom, security system, laundry hookups, and interior access. The property is zoned G and located at 369 Grant Street in Framingham, Massachusetts.
Outdoor amenities include two decks and a patio. Additional property features include a corner lot, level grounds, professional landscaping, sprinkler system, rain gutters, insulated windows and doors, intercom, security system, laundry hookups, and interior access. The property is zoned G and located at 369 Grant Street in Framingham, Massachusetts.
Key Highlights
- 5,200‑square‑foot triplex built in 2026
- Attached 1,000‑square‑foot commercial or retail space with finished walls, flooring, ceiling, and private bath
- Three residential units with open floor plans and upgraded kitchen finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,200,680
$2.2M
Cap Rate 7%
$1,571,914
$1.6M
Cap Rate 9%
$1,222,600
$1.2M
Market Conditions
NOI Build-Up for 5,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$165.4K $31.80/SF
− Vacancy
−$8.2K −$1.57/SF
EGI
$157.2K $30.23/SF
− OpEx
−$47.2K −$9.07/SF
NOI
$110.0K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,200,680
Cap Rate 7%
$1,571,914
Cap Rate 9%
$1,222,600
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.38M – $1.83M
NOI $110,034 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,462 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,487 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 01702, MA
39,515
Population
15,303
Households
2.6
Avg Household Size
35
Median Age
39%
College-Educated
83%
High-School Grad
8.2 sq mi
ZIP Area
4,819
Density / Sq Mi
$78,784
Median Household Income
$41,792
Median Earnings
$1,822
Median Rent
$563,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are paired with a finished commercial suite and dedicated bath.
Where is this triplex located?
The property is located at 369 Grant Street Framingham, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,200‑square‑foot triplex built in 2026; Attached 1,000‑square‑foot commercial or retail space with finished walls, flooring, ceiling, and private bath; Three residential units with open floor plans and upgraded kitchen finishes
